Jul 30, 2024 / 08:30AM GMT
Operator
Good morning, and welcome to Diageo's F24 Preliminary Results Q&A conference. Your call today will be hosted by Debra, Diageo's CEO; and Lavanya, Diageo's CFO. This conference is being recorded. (Operator Instructions)
We are now ready to start the call. Debra, please go ahead.
Debra Crew - Diageo PLC - Chief Executive Officer, Executive Director
Good morning, and thank you for joining our preliminary results call for fiscal '24. I hope you've had a chance to read our press release and watch our presentation on diageo.com. Fiscal '24 was a challenging year for both our industry and Diageo as we navigated a volatile operating environment across the globe. Group organic net sales declined 0.6% and the main driver was materially weaker performance in LAC, our Latin America and Caribbean region.
For perspective, if you exclude LAC, organic net sales grew plus 1.8%, driven by resilient growth in Africa, Asia Pacific and Europe regions. This offset the decline in North America, which was attributable to a cautious consumer environment, retailer
Preliminary Q4 2024 Diageo PLC Earnings Call (Q&A) Transcript
Jul 30, 2024
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